Ownership of Media Flashcards
main interest of media owners
making profits
Rupert Murdoch
owns 32% of newspaper sales in the UK
lords of the global village
global media companies that dominate the worlds mass media
concentration of ownership
few large companies own most of the media
vertical integration
the merger of companies at different stages of production in the same industry
horizontal integration
merger of companies at same stage of production in different industries
global ownership
international media ownership
conglomeration & diversification
companies that have a wide variety of products besides the media e,g. Virgin
global conglomeration
different media products in many countries
Synergy
media companies produce a product in a variety of forms
book, film, CD, DVD, game, merchandise
enables more sales than through one company/product
Harry Potter & Star Wars
technical convergence
several technological systems combined into a single device to perform similar tasks in a more advanced manner
telephone